You are using an older browser version. Please use a supported version for the best MSN experience.

What's Going On With PayPal Stock Today

Benzinga logo Benzinga 10/4/2022 Henry Khederian
© Provided by Benzinga

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading higher by 4.71% to $91.29 during Tuesday's trading session. Shares of several companies in the technology sector are trading higher as stocks continue to rebound following recent weakness. A drop in treasury yields has also helped lift the sector in today's session.

Ongoing Fed policy tightening and inflation concerns have otherwise weighed on the sector and consumer spending outlook.

A drop in treasury yields has helped lift the broader market in today's session as the 10-year Treasury yield hit an intraday low of 3.583% Tuesday morning. The intraday drop in U.S. Treasury yields benefits companies such that, when interest rates otherwise rise, the value of future cash flows is reduced for growth stocks, which in turn lower the value of the stock.

Trending: As Credit Suisse's Credit Default Swaps Spike To Near 2008 Levels, Rumors Of Lehman-Like Collapse Floated

Must Read: As Credit Suisse Woes Inspire Parallels To 2008 Financial Crisis, Analyst Says 'Much Different Environment, Much Different Situation'

Equities fell in September due to concerns over inflation, contractionary Federal Reserve policy and a potential recession. An economic slowdown could negatively impact discretionary spending.

See Also: Why Kalvista Pharmaceuticals Shares Are Down Over 50%

AdChoices
AdChoices
AdChoices

More From Benzinga

image beaconimage beaconimage beacon